Altria in its underwritten offering of $2.2 billion of ordinary shares (and ADSs) of Anheuser-Busch InBev SA/NV and $200 million share repurchase by ABI

On March 14, 2024, Altria Group, Inc. (NYSE: MO) announced that it has agreed to sell 35 million shares of Anheuser-Busch InBev SA/NV (ABI) (NYSE: BUD) (Euronext: ABI) (MEXBOL: ANB) (JSE: ANH) through a global secondary offering comprised of a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public offering of ABI ordinary shares in the United States, a concurrent private placement of ABI ordinary shares in the European Economic Area and the United Kingdom and an offering of ABI ordinary shares, including ABI ordinary shares represented by ADSs, in other countries outside the United States, at a price of $61.50 per ADS, corresponding to €56.17 per ABI ordinary share.  In addition, ABI will repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.

The aggregate amount of the offering and repurchase by ABI is approximately $2.4 billion.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Altria.